MF News Allegation of corruption/frontrunning on ABSL MF was baseless

Allegation of corruption/frontrunning on ABSL MF was baseless

This was in response to the news report published on an online media based on allegations made by a whistleblower.

Team Cafemutual May 18, 2022

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In response to an article published on an online news portal, Aditya Birla Sun Life Capital has issued a statement that the allegations of frontrunning/corruption are baseless.

It said, “A story has appeared, this morning, based on insinuations of vested interests. These insinuations/allegations are bereft of facts and we wish to emphatically deny them.”

The article reported serious allegations of front running and corruption within the company on Monday morning made by a whistle-blower.

The sponsor of the fund house said that Aditya Birla Sun Life AMC has a 27 year track record and strong credibility for having adhered to the highest standards and processes.

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